EUR/USD Strategies on July 09, 2009

08:23 PM (GMT+7)


EUR/USD - TF 30 mnt

From this chart I saw bullish very strong, indicated by price action that moving above EMA 66 and so EMA 5 and 20. But RSI ( 75) indicated overbought area. I believe bullish still in progress but it need drawdawn first, before continue uptren. First resistant would be 1.4013 and if break it will try to break 1.4050, meanwhile, downward seems like try to push EMA 20 ( 1.3950/70 ) and if break and momentum hold, it will push lower to EMA 66 (1.3938 -1.3926 ).



EUR/USD - TF 15 mnt


Same things with TF 30, and candle already give me sign to sell, so I've already sell Eur/USD at 1.3985 SL at 1.4015 and target at 1.3955










Update : 09 :10 PM (GMT + 7 )

EUR/USD - TF 30 mnt

My position already clear, target hit. As I said before, I recognize bullish very strong, but I don't want to rush, becouse from this chart there is possibility evening star patern candle, if EUR/USD could not break it Hi tonight, I believe then it will change to bearish. It's too risk to take any position now,So I decide set pending order:



*Buy Stop at 1.4015, Target at 1.4045
I don't put SL for now, I will set it soon after my order executed


UPDATE : 10:55 PM (GMT+7)
Pending order executed, and target hit, all clear. I think enough for today, see you on monday